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Government Discourages Imported Bitumen to Promote Domestic Products

The government has introduced a policy to discourage the reliance on imported bitumen for road paving across the country. According to official directives, the move aims to support local industries and promote domestic manufacturing in infrastructure projects. The initiative has sparked discussions regarding its economic impact and the motives behind supporting local cement production over traditional road surfacing materials. From public sources and the WeNepal research team

NEPSE banking sub-index reaches two-year high following commercial bank rallies

Commercial bank equities listed on the Nepal Stock Exchange experienced a notable upward movement, pushing the sector's index to a two-year high. Market activity between 26 August and 28 October saw several financial institutions announce their yearly dividend allocations. Siddhartha Bank offered a 20 percent payout, combining equal portions of cash and bonus shares. During the same period, Laxmi Sunrise Bank led individual stock appreciation among nineteen commercial lenders, recording a gain of over 25 percent as its share price moved from Rs 216.90 to Rs 273. Other major players, including Everest Bank and Nabil Bank, also proposed shareholder payouts. From public sources and the WeNepal research team

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